Kakao Entertainment to acquire Tapas and Radish for $950m.

Kakao Entertainment, an operator of a mobile content platform, agreed to acquire Tapas Media and Radish Media, two storytelling platforms, for $510m and $440m, respectively. "The partnership with Tapas and our webtoon IPs has already borne fruit and given us even more confidence in the North American marketplace. Radish gives us the platform to publish our web novels for the first time there, and we see endless potential. With the combination of our expertise in the IP business and Tapas and Radish's strong North American foothold, we are excited about what we can achieve together," Jinsoo Lee, Kakao Entertainment CEO.